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SBS
SecuritiesCông ty Cổ phần Chứng khoán SBS
Dịch vụ tài chínhCK
5.600
VND · Last close
Valuation Verdict
Overvalued
-120%Fair Value+120%
Intrinsic Value
3.191
Current
5.600
Gap
-43.0%
ModelCYCLE ADJUSTED PB
Valuation Breakdown
CK→Securities
Classified as securities because company type is CK (securities firm)
ModelCycle-Adjusted P/B
Intrinsic Value = Avg P/B (5yr) x Cycle Discount x BVPSSecurities firms (brokerages) have earnings that swing dramatically with market trading volumes. Instead of using a single year's valuation, this model averages Price-to-Book over 5 years to capture a full market cycle, similar to how Shiller's CAPE smooths earnings for the broader market. If the firm is currently earning much more than its historical average (ROE > 1.3x avg), a 15% discount is applied as a mean-reversion signal.
1
Model Inputs
Years of data→5
2
Valuation
Fair P/B
2.01x
x
BVPS
1.586
=
Intrinsic Value
3.191
Valuation Track Record
Retroactive intrinsic value vs actual close price — SBS
Earnings Quality
Fiscal year 2025
27
Poor
Accrual Quality
73Cash Conversion
40Margin Stability
0Revenue Quality
0Quantitative Scores
F-Score
5/9
Neutral
Sharpe
0.05
Positive
Composite
36
Weak
Price Risk
Momentum
+10.9%
Volatility
42.3%
Max Drawdown
-37.5%
Key Ratios
Fiscal year 2025
3.70P/B
P/E-21.15
ROE-16.1%
ROA-7.1%
EPS-277.68
BVPS1585.60
Net Margin-29.5%
Rev Growth10.8%
Profit Growth42.5%
Div Yield0.0%
Company Overview
Issued Shares
146.6M
Charter Capital
1466.1B VND
Sector (ICB L2)
Dịch vụ tài chính
Industry (ICB L3)
Dịch vụ tài chính
Sub-industry
Môi giới chứng khoán
Company Type
CK
// OWNERSHIP_NETWORK
> mapping common ownership for SBS — hover nodes for intel, click to navigate
Computed 12/04/2026